Modest gains on Wall Street
The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are higher following news of strong corporate earnings and mixed economic data.
At 10:30 a.m. ET the Russell 2000 had added 0.93 points, or 0.12%, to 778.85. The Dow had gained 24.47 points, or 0.18%, to 13,386.84.
The bulls took charge right out of the gate on news that Finnish mobile phone maker Nokia Corp. (NYSE: NOK) reported a doubling of its second-quarter profit.
Viacom Inc. (NYSE: VIA), which owns MTV Networks and Paramount movie studios, also beat analysts’ net income projections, while Seattle-based coffee chain Starbucks Corp. (NYSE: SBUX) saw its quarterly revenue rise 20% to $2.4 billion from $2 billion a year earlier.
In economic news, the number of Americans looking for work increased slightly for the week ended July 28, but that rise was below economists’ projections.
The U.S. Labor Department reported that jobless claims added 4,000 to 307,000, while economists were expecting an increase of 7,000 to 310,000.
Clouding the economic picture was news that new orders for manufactured goods increased 0.6% in June, below the anticipated 1.3%, according to the U.S. Census Bureau.
The following are the most actively traded company's with market capitalizations under $500 million:
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| 10:28 et | Change | Change | Volume | Year High | Year Low |
